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US Government Shutdown Chance 84%… Bitcoin Could Fall Again Source With the federal government's temporary budget deadline approaching, Congress is unlikely to reach an agreement within the deadline, with the probability of a shutdown on February 14th estimated at 84%. - Growing political uncertainty drives selling across risk assets. - Bearish sentiment intensifies following failure to rebound after falling below $70,000. - If selling pressure persists, a drop below $50,000 is not out of the question. * Axel Bitblaze noted that the current structure resembles the pre-2024 bull market, suggesting a potential range-bound trend between $60,000 and $80,000. He believes a volatile sideways movement is likely, rather than a V-shaped rebound.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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